Entropy Technologies LP Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Entropy Technologies LP purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, Holdings Channel.com reports. The fund purchased 88,939 shares of the real estate investment trust’s stock, valued at approximately $2,034,000.

Other large investors have also added to or reduced their stakes in the company. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $25,000. S.A. Mason LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at approximately $33,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

NYSE DOC opened at $21.77 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 2.54 and a beta of 1.13. The stock has a 50-day moving average of $22.32 and a 200 day moving average of $21.00. Healthpeak Properties, Inc. has a one year low of $15.44 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.51%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Wall Street Analyst Weigh In

DOC has been the topic of several recent research reports. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Evercore ISI lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Citigroup upped their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird lifted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.